November 2022
Technology Fast 50
UK 2022
Contents
Foreword
1
The 2022 winners
3
UK Technology Fast 50
4
Fast 50 Women in Leadership
6
Regional winners
7
Rising stars
9
The Winners in Context
10
Introduction to this year’s Fast 50
11
Fast 50 Winner: Tripledot Studios
12
Top investors in the Fast 50
14
Women in Leadership Winner: OKRA.ai
15
The impact of the challenging
17
funding environment
Regional Winner: Wonde
18
Sector breakdown
20
Regional Winner: Nonacus
21
Survey analysis
23
Regional winners
25
Case study: Elvie
26
Training for growth
28
Horizon Scanning
30
Investment and exits
31
Gender diversity
32
What are the key tax issues for CFOs
34
at VC backed companies?
Emerging technologies
36
Location trends
37
25 Years of Fast 50
38
25 successful years
39
Timeline
41
Where are they now?
44
Fast Futures: Levelling Up, Tech,
46
and Finance
Levelling up
47
Three characteristics of a successful
49
growth journey in technology
The importance of differentiation
51
in tough times
Tax as an enabler
52
Tech infrastructure for growth
53
Contacts
55
Technology Fast 50 | UK 2022
Foreword
Duncan Down
Deloitte UK Technology Fast 50 Programme Lead
It’s been another challenging year, with the cost of living
crisis, supply chain disruption and rising interest rates
putting pressure on SMEs across the UK. Yet despite
these pressures, the UK’s technology sector continues
to show resilience and companies are finding impressive
ways to overcome these challenges.
This year we had another phenomenal pool of entrants
to our Deloitte UK Technology Fast 50 programme, which
celebrates and champions the UK’s fastest-growing
technology businesses. This year’s Fast 50, perhaps more
than ever, demonstrates the wide range of innovative
companies being built and scaled in the UK.
In fact, our winner in this year’s list – mobile gaming
company Tripledot Studios – did not appear in 2021’s
list. Tripledot Studios, which offers a unique take on
classic games such as Solitaire and Sudo